The price of Azerbaijani crude oil, specifically the “Azeri Light” (CIF) grade, continued its upward trajectory in global markets.
Yesterday, the price per barrel rose by $0.32, or 0.45%, reaching $72.17. This marks an increase from the previous value of $71.85 per barrel.
It is notable that Azerbaijan’s state budget for the current year is based on an average price of $70 per barrel for Azeri Light oil.